Read/Write API
TechnologyDefinition
Read/Write APIs enable third party providers, with the end customer's consent, to request account information, such as the transaction history, of personal and business current accounts and/or initiate payments from those accounts. These APIs form the core of Open Banking functionality.
Related Terms
API
Application Programming InterfaceAn Application Programming Interface is a set of routines, protocols, and tools for building softwar...
AIS
Account Information ServicesAccount Information Services allow third-party providers to access account data (such as balances an...
PIS
Payment Initiation ServicesPayment Initiation Services are services that allow a third-party provider to initiate payments from...
Frequently Asked Questions
What is Read/Write API?
Read/Write APIs enable third party providers, with the end customer's consent, to request account information, such as the transaction history, of personal and business current accounts and/or initiate payments from those accounts. These APIs form the core of Open Banking functionality.
What does Read/Write API stand for in Open Banking?
Read/Write API is a key term in the Open Banking ecosystem. Read/Write APIs enable third party providers, with the end customer's consent, to request account information, such as the transaction history, of personal and business current accounts and/or initiate payments from those accounts. These APIs form the core of Open Banking functionality.
More Technology Terms
API
Application Programming InterfaceAn Application Programming Interface is a set of routines, protocols, and tools for building softwar...
API Data
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Open API
Open API / Public APIAn Open API or Public API is a free-to-use, publicly available application programming interface tha...
OAuth 2.0
Open Authorization 2.0OAuth 2.0 is an industry-standard protocol for authorization that enables third-party applications t...
OpenID Connect
OpenID Connect is an identity layer built on top of OAuth 2.0. It allows clients to verify the ident...
CIBA
Client Initiated Backchannel AuthenticationClient Initiated Backchannel Authentication (CIBA) is an authentication flow that enables a client a...
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